That's not really a bike that punk kids would go for. But if he'd rather wreck it himself by leaving it to sit that's a shame. He could take it to the VJMC swap meets and sell it to somebody who's interested in vintage stuff.

I don't want it. I already have 4 vehicles in Toronto. Insurance is killer (over $350/month) and so is parking since I live in an apartment.

Insurance on a 1000 cc bike, even if old, will still be way high. Plus he said it takes a lot of maintenance and is scary powerful. I already have a 25 yr old Porsche and a 2 stroke so I don't need any more maintenance hassles and I'm not interested in something so powerful.

One of my grandfathers has three 80's CBX frames that have 0 miles on them, 2 CBX 1k motors with 0 miles and one fully handbuilt CBX that has been ridden across the continent of America at least 4 times. By fully handbuilt I mean most of the motor has been ported and modified for performance, the fuel tank is his own creation, the frame from the engine mounts back is handmade with a custom monoshock swingarm, custom everything...

I think that's a Moto Martin frame and tank. There used to be several companies making aftermarket frames - Harris and Pecket & McNab were two others that spring to mind. Bimota was similar, but I don't think they ever sold frames to bike builders.